Danny Favreau with One Less Worry Interviewed on the Influential Entrepreneur Podcast Discussing Teacher 403(b) Plans [Video]

Danny Favreau discusses Teacher 403(b) plans 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-danny-favreau-with-one-less-worry-discussing-teacher-403b-plans/ 

403(b) plans are retirement savings vehicles primarily designed for educators, healthcare professionals, and employees of certain nonprofit organizations. While they share similarities with the more widely known 401(k) plans, significant differences can impact the financial well-being of participants. 

One of the most critical drawbacks of 403(b) plans is the potential for higher fees compared to 401(k) plans. According to Danny Favreau, founder of One Less Worry, many educators are unaware of the fees associated with their 403(b) accounts. These fees can range from 2% to as high as 5%, significantly eroding savings over time. For instance, a teacher who contributed to a 403(b) for 24 years without understanding the fees could end up paying over $180,000 in fees alone. This lack of transparency regarding fees is a major concern, as many participants do not realize how much they are losing …